⚡️🔎 NEW - $3 billion of SHORT positions will be liquidated if BTC rises above $117,000.
Discussion
That would be nice
The more bitcoin privatly held outside centralized custody the less bitcoin available for short sellers to borrow. Don't feed the beast hold your own keys!
Shorts rarely get liquidated... longs always get liquidated. I don't make the rules
Bitcoin could do the funniest thing ever, and go to $117,000 to wipe out the shorters then down to $50,000 to wipe out people on leverage.
I'll point it out every time - left hand and right hand scales are different. There are 100x more shorts than longs. A price move up will turn into god candles pretty quick